secwatch.observer — SEC 8-K summary
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Issuer:     WAFD INC (WAFD)
CIK:        0000936528
Form:       8-K
Filed at:   2024-07-17T23:59:59+00:00
Accession:  0000936528-24-000106
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WaFd Q3 EPS $0.75; net income $64.6M up 306% QoQ but diluted EPS down 16% YoY
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- Net income $64.56M, diluted EPS $0.75; up 341% from $0.17 prior quarter, down 16% from $0.89 year ago.
- Net interest margin 2.56%, compressed from 2.73% (Q2) and 2.91% (Q1) amid higher deposit costs.
- Acquisition-related costs $2.3M; adjusted ROE 9.4% vs 8.7% prior quarter and 11.1% year ago.
- First full quarter after Luther Burbank acquisition; total loans $22.5B, deposits $21.2B.
- Mortgage productions $972.5M in quarter; non-performing assets $68.8M (0.24% of assets).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936528/000093652824000106/0000936528-24-000106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936528/000093652824000106/wfsl-20240716.htm
  HTML page:      https://secwatch.observer/filing/0000936528-24-000106

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